Rising Dragon Acquisition Corp.股价创历史新低，流动性不足放大波动

Core Viewpoint - Rising Dragon Acquisition Corp. (RDAC) has experienced significant stock price volatility, with a historical low reached on February 11, 2026, and ongoing concerns regarding its financial fundamentals and merger uncertainties [1][4]. Company Fundamentals - The company has weak fundamentals and lacks main business revenue, reporting zero revenue for Q3 2025. It is still in the process of seeking acquisition targets. Although net profit attributable to shareholders increased by 4071.19% to $452,300, this was primarily due to investment activity gains rather than sustainable business contributions [2]. Financial Situation - The liquidity situation is severely constrained, amplifying stock price volatility. On February 11, the trading volume was only $101,600 with a turnover rate of 0.25%. This further declined on February 12 to $19,000 with a turnover rate of 0.04%. Such low liquidity means that even small sell orders can lead to significant price drops [3]. Recent Events - As a Special Purpose Acquisition Company (SPAC), RDAC must complete a qualifying merger, such as the $350 million merger agreement with HZJL Cayman Limited, within a specified timeframe, or it risks liquidation. This uncertainty continues to suppress the stock price [4]. Recent Stock Performance - The stock has been on a long-term downward trend, with a cumulative decline of 22.13% over the last five trading days and a year-to-date drop of 40.53%, indicating weak market confidence [5].